VoteGopher | Compare McCain and Obama | Economic Recovery
PRES. OBAMA VS. CAND. OBAMA
PRESIDENT VS. CONGRESS
ECONOMIC
INTERNATIONAL
DOMESTIC
SOCIAL
POLITICAL
CANDIDATE QUALITIES
Issue Homepage - Economic Recovery   Share 
PRESIDENT OBAMA: ACTIONS IN OFFICE


  • Signed $787 billion economic stimulus package that was 60% government spending and 40% tax cuts



  • Decided to use TARP money to create a public-private investment partnership that would purchase troubled assets from banks



  • Stated that, if the largest banks fail to raise a government-determined amount of capital in six months, the government will provide the capital by purchasing preferred shares in the banks



  • Announced a new mortgage relief plan with government financing of reduced monthly rates for some homeowners and easier preconditions for refinancing



  • Created a task force that ushered GM and Chrysler into bankruptcy

CANDIDATE OBAMA
ELECTION 2008
REPUBLICANS
IN CONGRESS
DEMOCRATS
IN CONGRESS

MY REPORT CARD
On Economic Recovery:

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